A Quick Overlook of Cellular – Your Cheatsheet
Cell tower leasing involves you and the cell phone companies getting into an agreement of leasing to them your piece of land for them to construct a tower from which you are going to be receiving some huge sum of money on a monthly basis You should first get to know the aspects that will facilitate the amount of money you are going to receive after signing the lease agreement.Some of the determining factors for the amount you will receive for the lease includes, the location, the size of the company lease is with and the negotiating skills of their representatives. A cell tower lease can actually provide you with a significant earning for a long period of time. As a property owner, it is important to note that the cell phone company are more interested in making money for themselves.When you are through with determining the lease and you have agreed how much you are going to be given in a certain duration of time, these companies will always want to approach you to lure you to make changes that could even leave you with a lower value piece of your property or even with lower cell site lease rent payments. An existing lease can be a very precious contract.If you are approached by the company that you have leased your piece of land to erect their cell tower, it is important you first think about the repercussions of any decision you can make. Make sure that you stick to the terms and conditions that you had set at first when signing the contract with the cell tower lease company before signing any other deal that can be costly to you in the long run. There are numerous reasons why a lot of investors likes the business of cell tower leasing. Discussed below are some of the important benefits of investing in cell tower leasing.
You are going to get residual income
One of the best benefits of cell tower lease is that it will become to you a residual income stream. This shows that you are going to be getting quite a lot of money without even struggling.
Another thing about cellular tower leases is that they are passive.You do not necessarily have to work or invest money. What you will be doing is just to wait for the money to be deposited in your account by the cellular company.
No money needed for the investment
with this type of investment, there is no stress of wondering where you are going to borrow the money to start the investment but instead money will start coming your way from the word go; from the day you enter into an agreement with the cell company.